EW Fish & Chip LLC
EW Fish & Chip LLC is a fish and seafood retailer in Jersey City, New Jersey. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $500,000, approved on August 20, 2024, through Woori America Bank.
SBA 7(a) loan, change of ownership, approved Aug 20, 2024
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Woori America Bank, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,608 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 445250, Fish and Seafood Retailers
- Project location
- Hudson County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Fish and Seafood Retailers: $1,149,460.
- Average acquisition loan in New Jersey: $1,626,307.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in New Jersey
- Crabby's Restaurant Group, Inc., Maple Shade